Overview

• Average refinery sale price falls to R$2.71 per liter, a reduction of R$0.14, starting Oct. 21.
• Diesel wholesale prices remain unchanged in the latest pricing decision.
• Petrobras reports year-to-date gasoline reductions of R$0.31 per liter (10.3%) and R$0.36 since December 2022, equivalent to 22.4% after inflation.
• Industry data indicate the new level roughly matches import parity after recent weeks with domestic prices 7%–10% above external benchmarks.
• Competitive pressures have intensified as Bahia’s Mataripe refinery cut gasoline 1.2% recently and ethanol has gained market share in several states.